My answers

27th Jan 2014

Blind faith

For the 25% director to give up his right to a high salary plus dividends, for a low salary plus a higher dividend at the whim of the family directors, shows a surprising amount of faith. It could be construed as an effective way to get rid of him with out the inconvenience of redundancy payments.

I would have thought in these circumstances HMRC and trying to pay less tax are the least of his worries.